Entertainment

Shoe on The Other Foot: eBay to Partner with Yahoo Japan

Details of the deal have yet to emerge fully, but online auction site eBay and Yahoo's Japanese division have agreed to team up to offer Japanese internet users the ability to sell and buy useless junk just like Americans. The blurb appeared originally in the Asian top business dailyThe Nikkei, and has sent Yahoo Japan's shares soaring in morning trading out in Tokyo.

Unlike Yahoo's American division, Yahoo Japan's online auction Web site has not yet been closed down. eBay, however, pulled out of Japan in 2002 after failing to successfully compete with Yahoo Japan and Rakuten. The new site is to be called Sekaimon, which roughly translates to "Gateway to the world."

The Nikkei also said that the details of the agreement would be given in a news conference later on Tuesday at 11:00 AM local time.

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